Natural Gas Development Minister Rich Coleman (left)

Squamish mill site on LNG map; Clark signs agreement with Malaysia’s Petronas (VIDEO)

Woodfibre, a brownfield pulp mill site, could end up the first of B.C.'s 13 proposed liquefied natural gas exporters

A brownfield pulp mill site at Squamish could end up the first of B.C.’s 13 proposed liquefied natural gas exporters.

Premier Christy Clark has signed her second letter of intent since arriving in Asia for an LNG sales trip. It’s for one of the smallest, at Woodfibre, where the last of a series of forest operations closed in 2006. The pulp mill’s main legacy is an industrial-sized FortisBC natural gas line, which a company owned by Indonesian billionaire Sukanto Tanoto has proposed to use for an LNG export terminal.

Private ownership, a century of industrial history on the B.C. coast and the existing pipeline make the Woodfibre site one of the simpler proposals to bring online.

The largest agreement was signed Monday with Malaysian giant Petronas for export facilities at Port Edward on the B.C. North Coast. Purchase agreements from petroleum corporations in China, Japan, India and Brunei were unveiled at ceremonies in Kuala Lumpur.

Before the trip, Clark signed a similar letter of intent with a consortium headed by Shell Canada for a high-volume pipeline and LNG export facilities at Kitimat.

In an interview from Singapore, Clark said the Asian network offered by Petronas shows the world’s biggest players are responding to B.C.’s stable economy and its tax rates for gas exports. Clark said the China and India markets alone have steep growth ahead, with India Oil projecting a five-fold increase in gas use over the next decade.

“Today when you look at world events, you look at what’s happening with Russia and Crimea, you look at what happens in Africa on a regular basis, and some of the things that have happened in Australia where they’ve changed the goalposts, companies want one partner that they can trust explicitly,” Clark said. “And that is us.”

The consortium of Shell, PetroChina, Korea Gas and Mitsubishi identified their projects in Africa, Russia and Australia as competing for their investment capital.

B.C.’s biggest obstacles are the price in Asia by 2018, labour cost and building pipelines over the Rocky Mountains.

Just Posted

Port Alberni to host cruise ships again in 2019

Port Alberni last hosted a cruise ship in May 2013

Canadian Blood Services in need of donors

Port Alberni Blood Donor Clinic increasing to three days in June

Foot found near Victoria belonged to missing Washington man

No foul play suspected in death of Stanley Okumoto, 79

Greyhound cleared to end routes in northern B.C., Vancouver Island

Company says nine routes have dropped 30% in ridership in last five years

High school artists show their work at Rollin Art Centre

The next art exhibit starts on Thursday, March 8

VIDEO: Top 10 B.C. budget highlights

The NDP is focusing on childcare, affordable housing and speeding up the elimination of MSP premiums

BCHL Today: Merritt’s Buckley nets scholarship and Vees slam Salmon Arm

BCHL Today is a (near) daily look at what’s going on around the league and the junior A world.

Crowns asks for more time in Victoria double murder of young sisters

Andrew Berry’s next court appearance will be in three weeks to set a date for trial to begin

B.C. MP invites convicted terrorist to Trudeau reception in India

Jaspal Atwal was convicted of trying to assassinate an Indian cabinet minister

OLYMPIC ROUNDUP: Women’s ice hockey team loses first Olympic game in 20 years

Team Canada added two silvers and a bronze to their total

‘You just don’t know when someone has a challenge’

Wounded Warriors Run BC spreads awareness of mental health, hopes to raise $100,000

Canadian support split on Trans Mountain pipeline debate: Poll

Angus Reid poll surveying Canadians on pipeline stance finds no clear winner

Tired of ‘big city life’? One-stoplight town hosts contest to lure in city slickers

Contest by BC Rural Centre hopes to attract city folks to a small town in the Kootenays

Student protest outside White House a snapshot of American gun debate

Demonstrators take part in a student protest for gun control legislation in front of the White House

Most Read